THE WORD ON THE STREET
News and information from Spain
International Edition - December 2024
Welcome to the December issue of 'The Word on the Street'. This is your monthly news and information from Spain provided by Ábaco Advisers. We hope to keep you in touch with the news, events and just a little bit of gossip.
Planning your financial future as a couple
Future proofing as a couple

If you are living with your partner but haven’t tied the knot or formalised your relationship in Spain, legally, then you could be at risk of losing should one of you pass away. The rules around cohabitation are different in Spain and this can take couples by surprise when it comes to inheritance. This article explains why it can be beneficial to get married and how you can easily and conveniently do so if you live here permanently:

Planning your financial future as a couple
Foreign bank account: can expats in Spain use it to pay bills?
Paying your bills with a foreign bank account

If you have a property in Spain - what is the best way of paying your utility bills? In this article we explain what the challenges can be when using a foreign account and provide you with our recommendations:

Foreign bank account: can expats in Spain use it to pay bills?
Spain Consumer Rights Watchdog To Sue Airbnb For Not Removing Unlicensed Holiday Lets From Its Platform
Making sure you’re registered for rentals

It is important that along with paying your tax on rental income you comply with additional requirements for registering your property. Spanish authorities are taking an increasingly hardline with property owners who don’t register their rental properties with the police and fulfil the requirements. One of the latest clampdowns is currently targeting Airbnb and the unlicenced accommodation that they are still publishing on their site. Spanish News Today explains more:

Spain Introduces New System To Limit Rent Increases In 2025
Capping rental charges

Escalating rental prices have galvanised the government into finding ways of keeping a limit on how much landlords can increase the price of renting their properties. This article explains something of the new index and how it will work:

Living in Moraira Spain: The Definitive Guide
Introduction to Moraira

Moraira is a town in North Costa Blanca that boasts unspoilt scenery and interesting attractions to visit. There are two sandy beaches with EEC Blue Flag awards and local markets and fiestas. In this article David Ruiz explains more about what you can find there and why it is popular as a location for people wishing to live in Spain:

Living in Moraira Spain: The Definitive Guide
Living in Andalusia Spain: The Definitive Guide
Living in Andalusia

Andalusia is a Spanish region in the south of Spain famous for its historical cities such as Seville, Granada and Córdoba. If you have been to any of these places you will already appreciate that although they are all in the same autonomous community, they are very different. Anadalusia has so much to offer and David Ruiz provides us with his Definitive Guide to help us recognise the different provinces and understand its culture and traditions. His article covers many aspects of life there from the flora and fauna to emerging industries and innovations:

Living in Andalusia Spain: The Definitive Guide
What financial planning steps should expats take when moving to Spain?
Financial planning for a move to Spain

As we approach the new year perhaps you are thinking of making a change to your lifestyle either through buying a holiday home in Spain or even making a permanent move here. In this article from Think Spain, they outline some important information about tax residency and obligations:

What financial planning steps should expats take when moving to Spain?
How to cope with inflation in Spain: Practical strategies for expats
Tightening your belt – some practical advice

We can all get a little carried away over Christmas. The temptation to spend above your budget is a hard one to swerve. So now, if you’re looking at reducing your spending into January and beyond, this article might just help you to do that. Read Think Spain’s suggestions for coping with inflation and bringing your spending down:

How to cope with inflation in Spain: Practical strategies for expats
Spain sees most dramatic increase in mortgages since 2010
Mortgage news

It seems as though applications for mortgages are on the increase in Spain. This article from Euroweekly tells us about their popularity, type and distribution:

Spain sees most dramatic increase in mortgages since 2010
How Can I Check When My Pension Will Be Paid In Spain?
Are you entitled to a Spanish pension?

If you have been working in Spain over a number of years and contributing to social security either through being employed on a contract or through being self-employed – you may be interested to find out what you are likely to receive on retirement and when. This article from Health Plan Spain outlines the length of time you will need to have been working and contributing and the means by which you can check what your entitlement is:

How Can I Check When My Pension Will Be Paid In Spain?
Community Of Owners In Spain: The Job And Function Of The President Of The Community Of Neighbours
Could you be the president of a community of owners?

The majority of properties, particularly on urbanisations, are managed according to the Community of Owners. This is an important, legal group that requires a president to oversee its organisation. An important and responsible role, this article explains about the different ways in which one might be elected and the reasons why you can step down:

Spain’s huge Christmas lottery spreads riches worth almost €3bn
Were you lucky with El Gordo?

People across Spain are celebrating winning almost €3bn following the announcements on December 22nd. Read this article to find out more about who the lucky winners of this important national lottery were this year:

Spain’s huge Christmas lottery spreads riches worth almost €3bn
Spanish property market in 2025: Prices, trends and opportunities
What can we expect from the Spanish property market in 2025?

If you are thinking of buying or selling a property in Spain then you will want to know what the trends are in property prices. In this article from Think Spain, they outline the current state of the market and what the forecast is for 2025. There’s also some advice about how to navigate the different markets successfully:

Spanish property market in 2025: Prices, trends and opportunities
Who brings Europeans their Christmas presents?
Santa or three kings?

The 25th of December might be over but for many children in Spain, the arrival of the Three Kings is an anticipated opportunity to receive presents. This article, from Euronews, tells us about different practices in Spain and other European countries:

Who brings Europeans their Christmas presents?
Ready for 2025!
Ready for 2025!

How does the countdown go in Spain? It shares many similar features to that of other countries but it also has its unique features too. To find out more about how to celebrate 2025 Spanish style:

New Year's Eve in Spain

This article from ‘My Holidays’ provides us with seven new year traditions and 10 places around Spain where you could practice them:

New Year 2025 in Spain: Celebrating the Day with Some Unique Spanish Traditions

Thank you for receiving and reading our newsletter this year. We hope that you have found it interesting and informative. Please remember that we would love to receive any suggestions for topics you would like us to cover. We wish all our readers a happy and healthy 2025!
What interests you?
What interests you?

We would welcome any suggestions for future themes you would like us to cover either in the newsletter or in an article on Spain Explained.

Please let us know by email at newsletter@abacoadvisers.com.

Thank you!
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